ML

Banks Combine AI and Communication to Combat the Rising Threat of Payment Fraud
Banks Combine AI and Communication to Combat the Rising Threat of Payment Fraud
October 16, 2023  |  Security & Fraud

With the rise of digital transactions and online services, fraud has become an increasing concern for both consumers and businesses. In March 2023, for example,...

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WorkFusion Unveils AI-Powered Transaction Monitoring Investigator
WorkFusion Unveils AI-Powered Transaction Monitoring Investigator
October 02, 2023  |  AML

WorkFusion has unveiled a new AI Transaction Monitoring Investigator designed to automate the review of first-level (L1) transaction monitoring alerts.  The new artificial intelligence (AI)...

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New Technologies Needed to Stem the Rising Tide of Crypto Fraud
New Technologies Needed to Stem the Rising Tide of Crypto Fraud
September 26, 2023  |  Fraud Prevention

Advancements in digital banking and the proliferation of faster digital payment methods have accelerated the rise in sophisticated fraud and financial crime, with financial institutions...

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Mailboxes Get Smart With AI to Smooth Last-Mile Delivery
Mailboxes Get Smart With AI to Smooth Last-Mile Delivery
September 26, 2023  |  Delivery

An estimated 1.7 million packages are stolen each day in the U.S.  And that number spikes around eCommerce events and major holidays, representing billions of...

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Banks and Payment Firms Tap AI to Combat Fraud Amid Surge in Sophisticated Financial Crime
Banks and Payment Firms Tap AI to Combat Fraud Amid Surge in Sophisticated Financial Crime
September 14, 2023  |  Fraud Prevention

The rise of digital banking and faster digital payment methods has brought about increasingly sophisticated fraud and financial crime.  Against that backdrop, financial institutions (FIs)...

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Fraud Losses From Impersonator Scams Double For Largest US Banks
Fraud Losses From Impersonator Scams Double For Largest US Banks
September 14, 2023  |  Fraud Prevention

Financial institutions (FIs) have generally found fraud and financial crime to be continually more sophisticated. The rise of digital banking and ever-faster digital payment methods...

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Credit Unions Counter the Growing Risk of AI Fraud
Credit Unions Counter the Growing Risk of AI Fraud
September 06, 2023  |  Digital Banking

Digital banking has become the primary way many members engage with their credit unions. These interactions are typically quicker and more convenient than traveling to...

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Healthcare Sector Will Devote 10.5% of Spending to AI
Healthcare Sector Will Devote 10.5% of Spending to AI
September 05, 2023  |  artificial intelligence

The healthcare sector is projected to nearly double its spending on artificial intelligence (AI). A recent report by Morgan Stanley says that the amount allocated...

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Stellar Launches to Help Businesses Deploy AI
Stellar Launches to Help Businesses Deploy AI
August 25, 2023  |  artificial intelligence

Indianapolis-based company Stellar has officially launched its mission to help businesses gain a competitive edge by integrating generative artificial intelligence (AI), large language models (LLMs)...

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